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Monica Balceda

monicabalceda23@gmail.com +1(240) 564-8526

$ 3,600,000

Est. payment | -/mo

40 Beds

40 Baths

35,262 SqFt

Save

$ 3,600,000

Est. payment | -/mo

Save

40 Beds

40 Baths

35,262 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 35,262 sqft

Price per Sqft $102

Subdivision Tavares St Clair Abrams Ext

MLS Listing ID O6396568

Bedrooms 40

Construction Status Completed

HOA Y/N No

Year Built 1979

Annual Tax Amount $35,112

Lot Size 3.560 Acres

Acres 3.56

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

Exceptional opportunity to acquire Caroline Court, a 40-unit multifamily community in the heart of Tavares, offering immediate scale, stable occupancy, and the security of HUD-backed rental income. Situated on approximately 3.56 acres, this well-established apartment community consists of 8 residential buildings totaling approximately 32,000 square feet, with a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Built in 1979, the property has maintained strong performance with historically high occupancy and minimal vacancy, supported by consistent demand for affordable housing in the Tavares market. A major investment advantage is that the majority of rental income is HUD-supported, creating dependable cash flow and reducing collection volatility. The property also offers attractive resident amenities including on-site laundry facilities, maintenance area, and ample parking, further strengthening long-term tenant retention. Located near Downtown Tavares, the Seaplane City corridor, and major Lake County commuter routes, this asset is positioned within one of Central Florida's steadily growing workforce housing markets. Whether acquired as a standalone stabilized HUD asset or as part of a larger workforce housing strategy, this property offers a compelling combination of cash flow stability, scale, and long-term upside.This is a 40-unit asset and can also be sold as part of a larger 112-unit portfolio. Contact me directly for full portfolio details, pricing, and package information.

Location

State FL

County Lake

Community Tavares St Clair Abrams Ext

Area 32778 - Tavares / Deer Island

Zoning RMF-3

Interior

Interior Features Other

Heating Other

Cooling Other

Fireplace false

Laundry Other

Exterior

Exterior Feature Other

Utilities Available Other

Roof Type Other

Garage false

Private Pool No

Building

Foundation Other

Lot Size Range 2 to less than 5

Sewer Other

Water Public

Structure Type Other

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Listed by Kyler Moreland REMAX SUNSTATE REALTY

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Monica Balceda

Realtor

+1(240) 564-8526 | monicabalceda23@gmail.com

1000 E CAROLINE ST Tavares, FL 32778

Monica Balceda

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

1000 E CAROLINE ST